Madoff Middleman a No-Show with Regulators: Report

Robert Jaffe, a middleman associated with alleged ponzi-schemer Bernard Madoff, didn't show up at a scheduled meeting with Massachusetts regulators Tuesday despite a subpoena for his appearance, according to a report.

Jaffe worked for a brokerage that steered clients to Madoff, the Boston Globe reported on its Web site.

He was scheduled to meet with the Massachusetts Securities Division this morning to talk about his knowledge of Madoff.

"What happens next is to be determined," a spokesman for the regulator told the newspaper.For more stories from CNBC, go to

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